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Commerce 1998 WAEC Past Questions

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26
If Mr Olu insures Mr Obi's house, the insurer may, in event of a loss, refuse to pay compensation based on the principle of
  • A. utmost good faith
  • B. subrogation
  • C. insurable interest
  • D. indemnity
  • E. contribution
View Answer & Discuss (1) WAEC 1998
27
Which of the following shows the quality of money
  • A. Ability to represent both small and large values
  • B. Used for deffered payments
  • C. Used as a unit for account
  • D. Facilitating exchange
  • E. Serving as a store of wealth
View Answer & Discuss WAEC 1998
28
The speculator in the stock exchange market who sells securities in anticipation of a fall in price is called a
  • A. bull
  • B. jobber
  • C. bear
  • D. stag
  • E. broker
View Answer & Discuss WAEC 1998
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29
An action taken by a seller to avoid risks from unforeseeable price fluctuation is known as
  • A. tendering
  • B. aunctioneering
  • C. quotation
  • D. hedging
  • E. haggling
View Answer & Discuss WAEC 1998
30
The insurance policy against claims from customers who might be injured within the business premises is called
  • A. life assurance policy
  • B. endowment policy
  • C. fidelity guarantee insurance
  • D. employers liability insurance
  • E. engineering insurance
View Answer & Discuss WAEC 1998
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts